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58 <br /> Orange County Transit Plan April 25, 2017 <br /> • . Table 4.4-1: Hillsborough Train Station Capital Funding Plan (YOE) <br /> As in the original Plan, no funds from the Tax District Revenues Original <br /> are allocated to the operations and maintenance costs for Other Funds $8,039,006 $7,414,000 <br /> these bus facilities. Tax-District Revenue _ $893,223 $686,000 <br /> Total $8,932,229 $8,100,000 <br /> Operating Costs, Schedule, and Funding Assumptions <br /> The sponsors of the bus facility projects will continue to refine <br /> the project scope, description and schedule and prepare The operating costs for this project are expected to be paid by <br /> projects for implementation. Before funds are committed to the NCDOT Rail Division and Town of Hillsborough. No funds <br /> implement a particular project, the project sponsor will be from the dedicated Tax District Revenue are budgeted to pay <br /> required enter into a Project-Specific Agreement with operating costs for this project. <br /> GoTriangle which sets forth the cost and schedule expectations <br /> of the project. See Section 6.3. !4_14MIAM16 <br /> . • NCDOT Rail Division and the Town of Hillsborough will continue <br /> work on the project. Tax District Revenue funds have been <br /> The Hillsborough Train Station is an intercity rail station that committed to the project. <br /> will be served by two Amtrak passenger train routes already <br /> passing through Hillsborough. The NCDOT Rail Division is 4.5 North-South Rapid Transit Pr• <br /> advancing the Hillsborough Train Station project in cooperation <br /> with the Town of Hillsborough and GoTriangle. The N-S BRT Project will provide frequent, fixed-guideway bus <br /> service along NC 86, known locally as Martin Luther King, Jr. <br /> • Boulevard and South Columbia Street, and the US Highway 15- <br /> 501 corridor in Chapel Hill. In April 2016, the Chapel Hill Town <br /> The capital funding plan for the project is presented in Table Council adopted a Locally Preferred Alternative (LPA) that <br /> 4.4-1. The portion of capital funds from the Tax District included three alignment design options. The adopted LPA is <br /> Revenue is $686,000 YOE, a reduction from the local amount about 8.2 miles of combination mixed traffic/dedicated lane <br /> assumed in the original Plan. The project is slated for BRT between the Eubanks Road and the Southern Village park- <br /> construction in fiscal years 2019 and 2020. and-ride lots. Currently, it is estimated that 12 articulated BRT <br /> vehicles will be necessary to provide the service. <br /> Final Page 34 of 65 <br />